Ryanair Holdings PLC $RYAAY Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 122.7% in the second quarter, Holdings Channel reports. The firm owned 18,123 shares of the transportation company’s stock after buying an additional 9,985 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ryanair were worth $1,173,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its stake in Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after buying an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after buying an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after buying an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Ryanair by 39.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after buying an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Ryanair by 64.9% during the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research report on Tuesday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a report on Tuesday, July 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Ryanair currently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Activity at Ryanair

In other news, insider John Jh Hurley sold 15,000 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the completion of the sale, the insider owned 76,025 shares of the company’s stock, valued at $2,375,021. This represents a 16.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andreas Gruber sold 13,467 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $350,276.67. Following the sale, the chief executive officer owned 20,858 shares of the company’s stock, valued at $542,516.58. This represents a 39.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 126,607 shares of company stock valued at $3,386,997 over the last ninety days.

Ryanair Stock Down 0.3%

Shares of NASDAQ:RYAAY opened at $59.17 on Friday. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The stock has a market cap of $30.74 billion, a P/E ratio of 14.22, a PEG ratio of 1.86 and a beta of 1.16. The business has a fifty day moving average of $61.38 and a two-hundred day moving average of $61.51.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. On average, equities analysts anticipate that Ryanair Holdings PLC will post 3.97 earnings per share for the current year.

Ryanair Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 7th will be given a dividend of $0.4434 per share. The ex-dividend date is Friday, August 7th. Ryanair’s dividend payout ratio (DPR) is presently 24.52%.

Ryanair Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.